chuck

@chuck@lemmy.ca

This is a remote user, information on this page may be incomplete. View at Source ↗

⁨Comment⁩ on ⁨How likely do you think there will be a run on the banks?⁩ ⁨⁨6⁩ ⁨months⁩ ago⁩:
Wow if they fiddle with FDIC I’d pull my cash out asap if I had an American account.

Basically if a bank collapses after FDIC gets messed with only the richest will be able to get money back. Average Joe’s will loose everything in the account.

We saw a bit of this with the silicon valley bank fiasco. That’s with protections in place. Without it good luck buying eggs ever again. It’s going to make bread lines in the soviet union look like a good time.